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In addition to this, the recent tax bill actually created "Opportunity Zones", which are intended to allow for "Qualified Opportunity Funds" -- investment funds
by lkbm 9y ago
In addition to this, the recent tax bill actually created "Opportunity Zones", which are intended to allow for "Qualified Opportunity Funds" -- investment funds so you can invest in distressed communities.
I don't know a lot about them, but they were discussed in the most recent Freakanomics podcast[0]. I don't think any such funds exist yet, but seems like the hope is that they'll become a way to "buy stock" in (some) cities -- from the sound of it, available to regular retail investors.
[0] http://freakonomics.com/podcast/awesome-terrible-tax-cuts-part-1/ http://freakonomics.com/podcast/awesome-terrible-tax-cuts-pa...